Joker_Smile
2022-03-17

Have Chinese stocks already bottomed? Why, or why not? 




I feel that Chinese stocks have already bottomed. From what the Chinese Authorities have mentioned, they vow to ensure stability in capital markets, support overseas stock listings, resolve risks around property developers and complete the crackdown on Big Tech asap. That was the strongest conviction.




It could be a short squeeze created by buyers, but the chinese government faced pressure to bolster their economy.


Internal factors like yet-to-complete crackdown on BigTech Chinese Companies and DiDi's brush with authority. External factors such as China's stance in Russia-Ukraine conflict also may signify the potential short-live of a revival. However, all negative matters were to resolve, only subject to matter of time. 


I look to the positive statement from the Chinese authorities and see it as a start of many good news from them, as they rebuild their economy and make them a force to reckon with.


@TigerStars 

@CaptainTiger

Have Chinese stocks already bottomed?
Chinese stocks saw robust gains recently... Have they already bottomed? Share your views to win coins!
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Comments

  • MR_Wu
    2022-03-17
    MR_Wu
    It is not ruled out that this is just a rebound, we need to wait and see for a while.
    • MR_WuReplyJoker_Smile: 
      Be ready to sell if things go wrong.
    • Joker_SmileReplyMR_Wu: 
      yeah. has to be. [Grin]
    • Joker_Smile: 
      i agree with you. yesterday could be just an one-time off thingy. got to keep an close look for this week.
  • ElvisMarner
    2022-03-17
    ElvisMarner
    Today's sharp rise in Chinese concept stocks will blow out short positions.
  • Maria_yy
    2022-03-17
    Maria_yy
    The fundamentals of many companies are still sound, and the previous decline was wrong.
    • Maria_yyReplyJoker_Smile: 
      The government's statement yesterday gave many investors confidence. It seems they still care about financial markets.
    • Joker_SmileReplyMaria_yy: 
      maybe under pressure to reinstall confidence to investor and boost economy after such a long time. not such how long will it last though.
    • Joker_Smile: 
      indeed. the government played a big part in their unjustified decline
  • LeeTed
    2022-03-17
    LeeTed
    This is a great lesson to learn. I am so happyyyy to see the rise.
    • Joker_Smile: 
      everyone would love to see the rise. unless they short them. [Grin]
  • MortimerDodd
    2022-03-17
    MortimerDodd
    Positive feedback from financial markets has already begun.
    • Joker_Smile: 
      yes. yesterday they made an announcement and all the chinese adr suddenly boom.
  • VivienWilcox
    2022-03-17
    VivienWilcox
    I think it has reached the bottom, but there will be a callback later. I hope it can stabilize.
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